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FuturesCom Investment Publications
Morning Comments Tuesday Feb 14th 2006
Serving Professional and Individual Traders World Wide since 1979
1650 SW Malmo Rd , Port St. Lucie , Florida 34953 - USA and Canada Toll Free : 1-866-409-3890 - Intl : 1- 772-621-4234 http://www.futurescom.com
Among the hazards of speculation the happening of the unexpected -I might even say the unexpectable- ranks high. There are certain chances that the most prudent man is justified in taking -chances that he must take if he wishes to be more than a mercantile mollusk-"Reminiscences of a Stock operator"
Monday Feb 13th 2006
2:00 PM South Florida Beach Time
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance remains near the 10,960.00 to 11,010.00 region.
Support should appear near 10,820 and the 10680.00 to 10580.00 region. .
March SP500
Recommended open Position Long at 1289.7
Support should appear near 1260.50.then 1253.00 and the 1238.00 to 1238.00 region.
Resistance should appear near 1268.00 to 1274.00, a close over is friendly and augurs for a test 1289.00
BW Traders should consider going long if a close over 1274.00 occurs...
Stay tuned for Updates and Flashes
NASDAQ Composite
Support should appear near 2226.00 to 2219.00
Resistance should appear near 2267.00 to 2275.00
March Mini Nasdaq 100
Recommended open position Long at 1657.5
Resistance remains near 1655.00 and 1672.00 ...
Support should appear near 1642.00 and 1615 to 1609.00 region..
March Mini Russell 2000
Recommended open Position Long at 717.20
Support should appear near 708.80 to 707.40 and the 700.30 to 699.00 region
Resistance should appear near 714.30 to 717.00 and 724.20 to 725.50
March 10 Year T-Note
Resistance should appear near 108-07 and 108-21
Support should appear near 107-21 and 107-07.
March 30 Year T-Bond
Resistance should appear near 112-21 and 113-07
Support is at 112-07 and 111-21
The Frenzied Forex Front
March Yen
Recommended open position Short at 8529
Resistance should appear near 8560 to 8589 and the 8668 to 8683 region.
Support should appear near. 8499 to 8484 , a slip under augurs for a test of the 8406 to 8391 region
Trade accordingly and Stay tuned for Updated and Flashes
March Euro Currency (EC)
Recommended open position short at 11920
Support should appear at 11805 and the 11690 to 11640 region..
Resistance should appear near 11975 to 12030..
March Swiss Franc
Recommended open position short 7927
Resistance should appear near 7675 to 7689 and 7763 to 7777..
BW Traders can sell at 7726 and risk a close over 7787 for the days in a row .
Support should appear near 7601 to 7587 region. A close under is negative and augurs for a test of .7513 to 7487.
March British Pound
Support should appear near 17380 to 17320 and 16960 to 16890..
Resistance should appear near 17560 then 17740 to 17800 and 17940.
March Canadian Dollar
Resistance should appear near 8683 and 8762 to 8777.
Support is at 8668, an extended trade under is negative and augurs for a test of 8589 to 8560
March Aussie Dollar
Recommended open position short at 7412
Support should appear near 7342 to 7328. ..
Resistance should appear near 7414 to 7428
Precious Metals
April Gold
Resistance should appear at 549.2 to 550.4 and 555.3 to 557.7
Support is at 535.6 to 534.4 and the 528.2 to 525.9 region
May Copper
Support should appear near 21850 to 21700 and 20890 to 20800
Resistance should appear near 22670 to 22750 and 23150 to 23220.
May Silver
Support should appear near the 915.50 to 914.0 and the 906.0 to 904.0 region
Resistance is at 931.5 to 934.5 and 942.5 to 944.5 .
The Exciting Energies
April Crude Oil
Nearby Resistance should appear near 6257 to 6270 and 6335 to 6337
Support should appear 6190 to 6165 and 6113 to 6101..
March Unleaded Gas
Resistance should appear near 14890 to 14960 and 15290 to 15350
Support should appear near 14210 to 14150 and 13830 to 13770
March Heating Oil
Resistance should appear at 16420 to 16550 and 16890 to 16960.
Support should appear near 16150 to 16090 and 15350 to 15290
The Lively Livestock
April Cattle
Recommended open position Short 8937
Support should appear near 8872 to 8857 and the 8777 to 8762 region..
Resistance is at 9832 to 8967 and 9042 to 9062
April Hogs
Recommended open positions Short 2 April Hogs 6142 avg
Spread: Short 5 April Hogs avg 6575 / Long 5 August Hogs 6550 avg - 25 avg (August under April)
Spread: Short 2 April Hogs 6102 / Long 2 June Hogs 6815 +712 (June over April )
Support should appear near 6192 to 6167 and the 6112 to 6102 region
Resistance is at should appear near 6337 to 6352 and the 6417 to 6432 region.
June Hogs
Support is at 6867 to 6837 and the 6757 to 6742 region ..
Resistance should appear near at 7072 to 7087 and 7142 to 7172.
March Pork Bellies
Resistance should appear near 8027 to 8047 and 8117 to 8137
Support is at 7957 to 79037 and 7867 to 7837
The Grande’ Grains
May Soybeans
Resistance at 602 1/4 to 603 1/2 and 610 1/4 to 611 1/4
Support should appear near 588 to 585 1/2 and 580 1/2 to 579 1/4...
May Soymeal
Resistance should appear near 185.8 to 186.5 and 190.2 to 190.9
Support should appear near 182.2 to 180.8, a close under is negative and augurs for a test of 178.0 to 177.4. .
May Soybean Oil
Resistance should appear near 2315 to 2322 and the 2354 to 2370 region
Support should appear near 2226 to 2291 and 2185 to 2170 ..
March Corn
Recommended open position Short at 216 3/4
Resistance should appear near 221 3/4 to 222 3/4 .and 226 ¾ to 227 1/2. . .. .
Support is at 218 1/2 to 217 and 213 1/2 to 212 3/4
May Corn
Resistance should appear near 2311/2 to 232 1/2 and the 235 1/2 to 237 region.
Support is at 227 1/2 to 226 3/4 and 222 3/4 to 221 3/4.
May Wheat
Resistance should appear near 361 1/4 to 362 1/4 and 373 1/2 to 374 1/2 . .
Support should appear near 350 1/4 to 349 1/4 and 332 3/4 to 331 3/4
The Satisfying Softs
March ‘ The Monster ' Coffee
Recommended open position long 2 at 12025 avg
Support should appear near 10680 to 10580
Resistance should appear near 11300 to 11360
May ‘ The Monster ' Coffee
Recommended open position Long at 11620
Support should appear near 11010 to 10960 and 10820
Resistance should appear near 11300 to 11360 and 11640 to 11690
May Cocoa
Support is at 1496 to 1484 and 1421 to 1415... .
Resistance should appear near 1529 to 1535 and 1569 to 1576
May Sugar
Resistance should appear near 1808 to 1822 and 1856 to 1865
Support should appear near 1780 to 1774 and 1738 to 1731...
May Cotton
Support should appear near 5655 to 5640 a close under is negative and augurs for a test of 5580 to 5555 and eventually the
5355 to 5345 region...
Resistance should appear near 5715 to 5730 and 5855 to 5880
BW Traders should go short if a close under 5635 occurs..
- A Ship in Harbor is Safe...But that is not what ships are built for -
Happy Trading !
Bill wil@futurescom.com
1-866-409-3890
Monday February 13th, 2006
3:15 PM South Florida Beach Time
THIS PUBLICATION IS SUBJECT TO REVISIONS AND CONTAINS THE VIEW AND OPINIONS OF THE AUTHOR, EXCEPT WHERE OPINIONS ARE ATTRIBUTED TO OTHER SOURCES. WRITTEN PERMISSION IS REQUIRED PRIOR TO ANY DISTRIBUTION OR REPRODUCTION. FUTURES TRADING ARE RISKY AND CAN CAUSE SUBSTANTIAL FINANCIAL LOSS. THE USE OF OPTIONS AND OPTION TRADING INVOLVES A HIGH DEGREE OF RISK. THE USE OF STOPS MAY NOT LIMIT LOSSES TO INTENDED AMOUNTS. SPREAD POSITIONS MAY NOT BE LESS RISKY THAN OUTRIGHT FUTURES POSITIONS. PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. SOURCES ARE BELIEVED TO BE RELIABLE BUT NO ASSURANCE IS MADE FOR ACCURACY. ADDITIONAL RISK DISCLOSURE IS AVAILABLE.
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BW Recommended Open Positions 2-13-2006
Long March SP500 1289.7
Long March Mini Nasdaq 1657.5
Long March Mini Russell 717.20
Short March Yen 8529
Short March EC 11920
Short March Swiss Francs 7927
Short March Aussie Dollar 7412
Short April Cattle 8937
Short 2 April Hogs 6142 avg
Spread: Short 5 April Hogs avg 6575 / Long 5 August Hogs 6550 avg ( - 25 avg August under April)
Spread Short 2 April Hogs 6102 / Long 2 June Hogs 6815 (+712 June over April )
Short March Corn 216 3/4
Long 2 March Coffee 12025 avg
Long May coffee 11629